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9 Jan 2015
AUD/NZD trades below 5-DMA
FXStreet (Mumbai) - The Australian dollar advanced against the New Zealand counterpart in the Asian morning, extending gains from the previous session, as the weak Australian retails sales numbers and softer China’s CPI data failed to push the Aussie lower.
Currently, the AUD/NZD pair trades at 1.0393 levels, up 0.14% on the day, having posted day’s low at 1.0379 levels in the early Asian morning. The cross in AUD/NZD climbed higher as the Aussie ignored the country’s below estimates retails sales growth in November as also subdued Chinese CPI print didn’t have much downside impact on the pair.
The cross remains supported largely on the Aussie strength versus the USD, AUD/USD trades at 08142, up 0.28 on the day. While NZD/USD traded higher by 0.13% at 0.7834, at time of writing.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0439 (Jan 7 High) levels, above which gains could be extended to 1.0495 (Dec 31 High) levels. On the flip side, support is seen at 1.0358 (Jan 8 Low) levels, from here it to below 1.0347 (Jan 7 Low) levels.
Currently, the AUD/NZD pair trades at 1.0393 levels, up 0.14% on the day, having posted day’s low at 1.0379 levels in the early Asian morning. The cross in AUD/NZD climbed higher as the Aussie ignored the country’s below estimates retails sales growth in November as also subdued Chinese CPI print didn’t have much downside impact on the pair.
The cross remains supported largely on the Aussie strength versus the USD, AUD/USD trades at 08142, up 0.28 on the day. While NZD/USD traded higher by 0.13% at 0.7834, at time of writing.
AUD/NZD Technical Levels
The pair has an immediate resistance at 1.0439 (Jan 7 High) levels, above which gains could be extended to 1.0495 (Dec 31 High) levels. On the flip side, support is seen at 1.0358 (Jan 8 Low) levels, from here it to below 1.0347 (Jan 7 Low) levels.